Strs Ohio Takes $8.88 Million Position in The Hartford Insurance Group, Inc. $HIG

Strs Ohio purchased a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 71,761 shares of the insurance provider’s stock, valued at approximately $8,879,000.
Several other large investors have also bought and sold shares of HIG. Park Square Financial Group LLC boosted its stake in The Hartford Insurance Group by 146.2% during the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock valued at $32,000 after buying an additional 155 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in The Hartford Insurance Group during the fourth quarter valued at about $33,000. Center for Financial Planning Inc. bought a new position in The Hartford Insurance Group during the first quarter valued at about $33,000. Meeder Asset Management Inc. boosted its stake in The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after buying an additional 161 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in The Hartford Insurance Group during the first quarter valued at about $37,000. Institutional investors own 93.42% of the company’s stock.
Get The Hartford Insurance Group alerts:
Insider Transactions at The Hartford Insurance Group
In other news, EVP Donald Christian Hunt sold 2,124 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at $9,580,389. This trade represents a 31.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
The Hartford Insurance Group Trading Down 0.5%
Shares of NYSE HIG opened at $132.52 on Friday. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $135.17. The firm has a market capitalization of $37.26 billion, a PE ratio of 12.01, a PEG ratio of 1.29 and a beta of 0.72. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $127.74 and a two-hundred day moving average price of $124.53.
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same period last year, the company posted $2.50 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.
The Hartford Insurance Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 18.86%.
Wall Street Analysts Forecast Growth
HIG has been the subject of several research reports. UBS Group raised their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Piper Sandler increased their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Citigroup started coverage on The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price target for the company. Morgan Stanley increased their price target on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Barclays decreased their price target on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, July 7th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.
View Our Latest Stock Report on The Hartford Insurance Group
The Hartford Insurance Group Profile
(Free Report)
The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers’ compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.
Further Reading
Five stocks we like better than The Hartford Insurance Group
Options Trading – Understanding Strike Price
Ride the Luxury Retail Wave with These 3 High-End Brand Stocks
Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
Wall Street Quietly Bets Big on These Chinese Tech Giants
How to Calculate Retirement Income: MarketBeat’s Calculator
Meta’s $600B U.S. Investment: Bearish or Bullish for Shares?
Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report).